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Reliance Jio Infocomm Limited (d/b/a Jio) is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai. It operates a national LTE network with coverage across all 22 telecom circles. Jio offers 5G, 4G and 4G+ services all over India. Its 6G service is in the works. [10] [11] [12] [13]
Jio Financial Services Ltd (JFSL) is an Indian financial services company, based in Mumbai. Originally a subsidiary of Reliance Industries (RIL), it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023. [3] The company provides financial services, including payment services and insurance broking.
On August 19, 2015 Reliance Industries received a license to run a payments bank from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. It then partnered with the State Bank of India and incorporated Jio Payments Bank Limited in November 2016. Jio Payments Bank Limited is a 77:23 partnership between Reliance ...
The following is the list of active payments banks: [20] Airtel Payments Bank; India Post Payments Bank; Fino Payments Bank; Jio Payments Bank [21] NSDL Payments Bank [22] The following is the list of defunct payments banks: Aditya Birla Payments Bank (26 July 2019) [23] Vodafone m-pesa Limited [24] Paytm Payments Bank Limited [25]
NPCI and Fonepay Payment Service announced the launch of UPI for cross-border transactions on 9 March 2024. [202] Nepal Rastra Bank began allowing Nepali citizens to pay merchants in India by scanning UPI QR codes from 27 June 2024. For commercial payments, there is a daily limit of ₹15,000 and a monthly limit of ₹100,000. [203]
Jio Platforms is an Indian multinational technology company, headquartered in Mumbai. It is a subsidiary of Reliance Industries . Established in 2019, it acts as a holding company for India's largest mobile network operator , Jio , and other digital businesses of Reliance. [ 3 ]
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